3M to freeze U.S. pension plans for non-union U.S. employees

3M announced that it will freeze its U.S. pension plans for non-union U.S. employees, effective Dec. 31, 2028. Pension-eligible employees will continue to accrue benefits under the pension plans until the freeze date. This decision applies to both 3M and the future, independent health care company’s U.S. pension plans. Former employees with vested pension benefits, 3M or 3M Health Care retirees, and those currently receiving pension annuity payments are not impacted by this action.